Recently, more investors have been coming to invest in Bitcoin, and this has been one of the reasons why the price of Bitcoin has been moving upward. However, many of these new investors are starting to realize that Bitcoin is a long-term investment.but still there are set of people who invest in Bitcoin solely for short term gains, but I believe it will be difficult for them to achieve their desired profits.
Recently, I met someone who had just started investing in Bitcoin, but it aim was to make profits in the short term. It planning to sell off their Bitcoin within the next year. I explained to them that this is not a good way to make significant profits from Bitcoin investment. I advised them to shift their mindset and avoid selling their Bitcoin too soon. Instead, they should continue investing and aim to hold their Bitcoin for 10 to 15 years, as this approach is likely to yield greater profits.
Yea that's a fact, new investors are troping into Bitcoin investment and also existing investor has deem it necessary to keep accumulating Bitcoin, the new investor mindset or aim of investing is what we may not be certain about but in all there decision maybe as a result of the recent upsurge been experienced in Bitcoin price, be it as it may, any investor thats still playing mind games after seeing and experiencing the current mindset of Bitcoin, is on a long thing, though there is no doubt to the fact that many investors has started seeing Bitcoin as a long-term investment that it is and thereby desisting from their initial gamble in and gamble out stuff of thing they do earlier in form of short term investment, though in every investment there are people that must try to bypass some protocols in other to push for unrealistic goals and I believe that in Bitcoin investment those set of person are known to be very inquisitive to make quick profit which may not come as the plan it to be.
Buddy your advise to those investors was nice, you have help them to escape such a wrong move to go about Bitcoin investment but that's if they have taken your advise into consideration, though I don't know if they really understand that Bitcoin is a long-term investment or may be they choose to follow their mindset even with the knowledge that Bitcoin is better for a long-term than short term, another thing is, if they really know about DCA method of Bitcoin investment, the investment they have may just be one time investment, may be they invested and keep waiting for 1year to come so that they can sell, if you get in contact with them again you can tell them more about DCA method of accumulating Bitcoin with the amount they can consistently buy bitcoin with at all season and hodl for a long-term, also tell them that this approach will enable them not to panic or sell prematurely because they won't be burdened or stressed since they are accumulating with the amount they are comfortable with in long-term.